Nordic Business Report-November 28, 2006-Rica Hotels ASA acquires hotel property in Gothenburg (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian hotel operator Rica Hotels ASA said on Tuesday (28 November) that its Swedish business Rica Hotels AB has agreed to acquire the hotel property of Rica Hotel Goteborg in Gothenburg, Sweden. The purchase price is SEK35m. The property is currently leased by Rica Hotels from the Swedish Salvation Army foundation. Rica Hotels is headquartered in Billingstad in Norway. Rica Hotels operates some 90 hotels in Norway and Sweden. The company is listed on the Oslo Stock Exchange under the ticker RIC. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))